Telangana Minority 1 Lakh Scheme: How to Apply, Eligibility, Benefits

Telangana Minority 1 Lakh Scheme: How to Apply, Eligibility, Benefits

On Sunday, the government of Telangana announced a new ordinance aimed at granting 100% subsidized financial assistance of Rupees 1 lakh to eligible members of minority communities. The financial support provided to these minorities will be akin to the aid given to lower-income groups. The state government views this initiative as a significant milestone in advancing economic independence for minority communities. For more information regarding the TSMFC Minority 1 Lac Scheme, including highlights, features, benefits, eligibility criteria, necessary guidelines, and application procedures, kindly refer to the detailed information provided below.

Telangana Minority 1 Lakh Scheme 2023 –

On July 23, Chief Minister K. Chandrasekhar Rao took a significant step by approving the provision of financial aid to minorities. Following this decision, the State Government issued rules outlining the process for granting this aid. To implement the economic support program, the Minorities Welfare Department issued a Government Order (GO). According to the GO, applications submitted during the fiscal year 2022–23, which are still pending, will be considered for approval in 2023–24. Eligible recipients will receive 100% direct subsidies of Rs 1 lakh each, facilitated through the Telangana State Minorities Finance Corporation.

TSMFC Minority 1 Lac Scheme Details in Highlights –

Features & Benefits of Telangana Minority 1 Lakh Scheme –

Here are some of the main highlights and advantages of the Telangana Minority 1 Lakh Scheme:

• K. Chandrasekhar Rao, the Chief Minister of the state, has expressed his determination to eradicate poverty in all sections of society, without any discrimination based on caste or religion.
• The government has already initiated assistance programs for deserving groups.
• The Chief Minister has reiterated the state’s dedication to the welfare and progress of all minority communities.
• A series of initiatives focusing on employment and education have been implemented to alleviate poverty and uplift the backward sections among minorities.

Eligibility Criteria for Telangana Minority 1 Lakh Scheme-

The applicants applying for Telangana Minority 1 Lakh Scheme must fulfill the following eligibility criteria:

• Christian applicants will be asked to submit new applications in order to be considered for the Telangana State Christian Minorities Finance Corporation’s financial aid program.
• One family member from each will receive the grant.
• As of June 2, 2023, the individual age restriction for candidates is set at 21 to 55 years old.
• In rural areas, the applicant’s yearly income cannot exceed 1,50,000 rupees.
• In urban areas, the applicant’s yearly income cannot exceed 2 lakh rupees.

Telangana Minority 1 Lakh Scheme Necessary Guidelines-

The Telangana government recently unveiled a new economic assistance program specifically designed for minorities. In line with this initiative, a comprehensive Government Order (G.O.) has been issued, detailing the essential guidelines, which are as follows:

• Qualified beneficiaries had submitted applications for 100% direct subsidies amounting to Rs 1 lakh each through the Online Beneficiary Management and Monitoring System (OBMMS) portal in the fiscal year 2022–23. However, these applications are still pending consideration in the current fiscal year 2023–24, and they will be processed by the Telangana State Minorities Finance Corporation (TSMFC).
• To facilitate the allocation of financial aid in the form of 100% direct subsidy of Rs. 1 lakh to eligible Christian candidates through the TSMFC, new applications from Christians need to be submitted.
• As of 2nd June 2023, the individual age restriction for candidates is 21 years to 55 years.
• Only one family member will receive the grant.
• The applicant’s annual income cannot exceed Rupees 150,000 in rural areas and  Rupees 2 lakh in urban areas.
• The District Level Monitoring Committee/District Level Screening Committee, which is chaired by the District Collector, will finish the selection process.
• The Managing Director of Telangana State Christian (Minorities) Finance Corporation and the Vice Chairman and Managing Director of Telangana State Minorities Finance Corporation, both located in Hyderabad, will undertake the necessary and relevant actions accordingly.
• The Management and Monitoring System for the online beneficiaries must include all of the aforementioned eligibility requirements, according to the Centre for Good Governance.

Application Process for Telangana Minority 1 Lakh Scheme 2023

The Government of Telangana has recently introduced the Telangana Minority 1 Lakh Scheme. The government has not yet published the official website for this; however, the government will do so shortly. We will update this post as soon as there is a fresh update on this plan.